x

75% of people globally want unbiased news (Pew Research) but are concerned they're not getting that.

Get balanced coverage with Symby. See how stories are covered across diverse outlets and spot when one side covers a story the other skips.

PODCAST

Van Hesser"s 3 Things in Credit - A KBRA Podcast

Each week, KBRA"s Chief Strategist, Van Hesser will address three things that caught his attention in credit markets that are relevant to credit investors.

news business news

All Episodes

9:55

3 Things in Credit: October 29, 2021

Van Hesser"s 3 Things in Credit - A KBRA Podcast ·

2021/10/29

In this week's episode, KBRA Chief Strategist Van Hesser discusses: 1. Uncertainty reigns. The common thread running through our recent webinar was one of uncertainty—something underweighted in credit markets today. 2. General Electric (GE) is making progress in its restructuring, and its commitment to deleveraging is sensible. But a challenging environment is not making GE’s transition an easy one. 3. Consumer malaise—it’s a corrosive condition that is showing up more and more in the Great

en

12:37

3 Things in Credit: October 22, 2021

Van Hesser"s 3 Things in Credit - A KBRA Podcast ·

2021/10/22

In this week's episode, KBRA Chief Strategist Van Hesser discusses: 1. Thematic investing seems to be trumping fundamentals in credit. That doesn’t sound like an investing strategy—but in this market, with this level of exogenous influence, it might make sense. 2. Big bank earnings once again reassured markets that all is not only well, but extraordinarily so. We canvas the conference calls for insightful color. 3. COVID’s impact on globalization and supply chains—how real is the threat? We’ll

en

12:46

3 Things in Credit: October 15, 2021

Van Hesser"s 3 Things in Credit - A KBRA Podcast ·

2021/10/15

In this week's episode, KBRA Chief Strategist Van Hesser discusses: 1. The rise in energy prices is spooking politicians and investors. What does it mean for credit? We’ll set the context. 2. As we enter Q3 earnings season, all eyes are on corporate margins. Powering through the multitude of headwinds is a tall order. 3. Europe’s political winds are shifting in ways that are reducing euro area credit risk. We’ll talk to KBRA’s Europe-based sovereign analyst for his take.

en

12:45

3 Things in Credit: October 8, 2021

Van Hesser"s 3 Things in Credit - A KBRA Podcast ·

2021/10/08

In this week's episode, KBRA Chief Strategist Van Hesser discusses: 1. The jobs market is tight, but not strong, and on Jobs Friday it’s important not to equate the two. We’ll explain. 2. Some investors believe corporate credit risk has been structurally improved. We’ll examine the argument. 3. Where did all the growth go? Economic growth forecasts for Q3 have plummeted. Does that come as a surprise to you?

en

13:54

3 Things in Credit: October 1, 2021

Van Hesser"s 3 Things in Credit - A KBRA Podcast ·

2021/10/01

In this week's episode, KBRA Chief Strategist Van Hesser discusses: 1. With the reality of the Great Deceleration settling in, we canvas Wall Street to see what risks could turn market sentiment. 2. Economic growth is being cut in half, but corporate earnings are expected to grow at double-digit rates? We’ll take the under. 3. Consumer ABS performance offers great insight into the health of the U.S. consumer. We’ll talk to our head of ABS research for his insights.

en

14:32

3 Things in Credit: September 24, 2021

Van Hesser"s 3 Things in Credit - A KBRA Podcast ·

2021/09/24

In this week's episode, KBRA Chief Strategist Van Hesser discusses: Evergrande—no, this is not China’s Lehman moment, but it does speak to what is happening with the world’s second-largest economy, and that’s important to credit investors. We’ll elaborate. Stretched valuations—just how worrisome are they? We think it’s debatable, and we’ll lay out our case. The Fed speaks! While the world is focused on dot plots, we focused on its projections, and had a hard time connecting those dots.

en

10:03

3 Things in Credit: September 17, 2021

Van Hesser"s 3 Things in Credit - A KBRA Podcast ·

2021/09/17

In this week's episode, KBRA Chief Strategist Van Hesser discusses: 1. Gap’s sensible liability and cash management through the COVID period has put it on a more creditworthy path. 2. A historic percentage of Americans believe the country is in bad shape. How does that square with buoyant financial markets? 3. Fading inflation—this was a good week for those in the transitory camp and that’s good for risk assets.

en

10:17

3 Things in Credit: September 10, 2021

Van Hesser"s 3 Things in Credit - A KBRA Podcast ·

2021/09/10

In this week's episode, KBRA Chief Strategist Van Hesser discusses: 1. Here comes what could be a 10% hit to corporate earnings—it’s higher taxes, if Biden gets his way. 2. Credit deterioration in the “buy now, pay later” space could be a canary in the coal mine for consumer lenders. We’ll explain. 3. The delta variant is causing travel to fall off once again. But don’t think the travel, leisure, and hospitality sectors will be out of the woods post-COVID.

en

10:16

3 Things in Credit: August 27, 2021

Van Hesser"s 3 Things in Credit - A KBRA Podcast ·

2021/08/27

In this week's episode, KBRA Chief Strategist Van Hesser discusses: CLOs are now a $1 trillion market (and growing). A report out of the New York Fed points to a healthy maturation of its investor base. We’ll elaborate. Afghanistan. Markets have looked past this story until now. We feel a gravitational pull toward safer assets. Capex, expected to rise materially in 2021, has come in a bit soft lately, and not all firms and sectors are participating. Pay attention to those that do.

en

14:12

3 Things in Credit: August 20, 2021

Van Hesser"s 3 Things in Credit - A KBRA Podcast ·

2021/08/20

In this week's episode, KBRA Chief Strategist Van Hesser discusses: Squaring up deteriorating economic growth with stretched valuations. China’s fluid policy-driven initiatives are creating a headwind for the global economy. In search of “TINA Turners.” No, not that Tina Turner. We’re looking for things that will change the course of TINA investing, as in There Is No Alternative.

en

10:05

3 Things in Credit: August 13, 2021

Van Hesser"s 3 Things in Credit - A KBRA Podcast ·

2021/08/13

In this week's episode, KBRA Chief Strategist Van Hesser discusses: 1. The housing market is moving from superhot to warm. It’s a good proxy for what’s ahead for the broader economy. 2. Small business optimism has taken a turn for the worse. We’ll explore what’s behind it, and why this matters. 3. The Democrats’ plan to tie Biden’s $3.5 trillion “human infrastructure” bill to the $1 trillion traditional infrastructure bill risks more than just the $1 trillion bill. We’ll explain.

en

9:57

3 Things in Credit: August 6, 2021

Van Hesser"s 3 Things in Credit - A KBRA Podcast ·

2021/08/06

In this week's episode, KBRA Chief Strategist Van Hesser discusses: 1. In search of economic normality. We know this isn’t it, but it’s coming. 2. The Fed is guiding its path toward tightening seemingly every day. Our thoughts around what happens to credit, when it gets there. 3. Corporate earnings are forecast to continue to grow off of today’s stimulus-fueled results. We would be a bit more cautious about that outlook.

en

10:47

3 Things in Credit: July 30, 2021

Van Hesser"s 3 Things in Credit - A KBRA Podcast ·

2021/07/30

In this week's episode, KBRA Chief Strategist Van Hesser discusses: 1. The UK vs. COVID—Its spike in new cases, and subsequent fall, could serve as a harbinger of what’s to come in the U.S. But there is an important difference between the two countries. You’ll want to stay on top of this story. 2. The upcoming July jobs report might be the most inconsequential one of the pandemic era. We’ll tell you why. 3. Boeing and GE—Two industrial mainstays undergoing what their respective management

en

11:02

3 Things in Credit: July 23, 2021

Van Hesser"s 3 Things in Credit - A KBRA Podcast ·

2021/07/23

In this week's episode, KBRA Chief Strategist Van Hesser discusses: 1. The spread of the delta variant is keeping the pandemic on the radar of investors, and contrary to some, we believe it is impacting economic behavior. 2. A number of useful proxies for economic growth have rolled over. It’s worth considering as you think through the second half. 3. The Fed says the real unemployment rate is 8.7%. There remains considerable slack in the labor market.

en

13:38

3 Things in Credit: July 16, 2021

Van Hesser"s 3 Things in Credit - A KBRA Podcast ·

2021/07/16

In this week's episode, KBRA Chief Strategist Van Hesser discusses: 1. Margin pressure. The Producer Price Index confirmed this week what we all know—strong demand and supply chain bottlenecks are causing price pressure that figures to hit corporate margins. We think this is largely a story shareholders have to worry about. 2. ESG favorable bonds are on track to cross $1 trillion this year. The momentum, and the change that goes with it, is palpable. 3. Big bank earnings are out, as is their color

en

11:04

3 Things in Credit: July 9, 2021

Van Hesser"s 3 Things in Credit - A KBRA Podcast ·

2021/07/09

In this week's episode, KBRA Chief Strategist Van Hesser discusses: 1. The rally in rates. It seems to have caught just about everyone off guard. We’ll explore what it means for credit markets. 2. The pandemic has not gone away. The most lethal side of it has been contained for now, but it still is likely to act as a drag on the global economy. 3. Where did all the defaults go? We’ll take stock of this extraordinary environment.

en

12:54

3 Things in Credit: July 1, 2021

Van Hesser"s 3 Things in Credit - A KBRA Podcast ·

2021/07/01

In this week's episode, KBRA Chief Strategist Van Hesser discusses: 1. The consumer has remained a source of economic strength throughout the pandemic, thanks to the strong hand of the federal government. Ahead of the jobs report, we take stock of the consumer’s financial health. 2. The U.S. is in the midst of a productivity boom, something enhanced, ironically by the pandemic. Will it last? 3. We really didn’t need a dot plot to appreciate the divergent views coming out of the Fed regarding the

en

11:19

3 Things in Credit: June 25, 2021

Van Hesser"s 3 Things in Credit - A KBRA Podcast ·

2021/06/25

In this week's episode, KBRA Chief Strategist Van Hesser discusses: 1. The Great Deceleration. It’s coming. Have we all gotten dangerously use to a life on stimulus? That’s going to change, and it probably won’t be elegant. 2. Your tax dollars are at work. This week, your federal government has been active in ways that touch credit markets. We’ll share our thoughts. 3. Broadband is taking off. We’ll highlight a transaction that gets you exposure.

en

10:59

3 Things in Credit: June 18, 2021

Van Hesser"s 3 Things in Credit - A KBRA Podcast ·

2021/06/18

In this week's episode, KBRA Chief Strategist Van Hesser discusses: 1. One of the consumer lending business’ most insightful minds is warning that losses have been deferred through the pandemic and credit underwriting models need to discount the pandemic era loss experience. 2. The West is experiencing its worst drought in at least 20 years, something likely to hit exposed sectors over the course of the summer. 3. A far greater percentage of companies are in financial and/or operational distress

en

13:40

3 Things in Credit: June 11, 2021

Van Hesser"s 3 Things in Credit - A KBRA Podcast ·

2021/06/11

In this week's episode, KBRA Chief Strategist Van Hesser discusses: 1. The markets’ obsession with inflation continues unabated. We’ve gathered three distinctly different views from three high-profile sources along with our own and will let you decide where you stand. 2. The NFIB’s Small Business Optimism Index is out for the month of May is out, and the expectations component surprised us. 3. Dust off your LBO models! These credit-impairing transactions are back, with the largest deal announced

en

237 results

Similar Podcasts

Expres Ráno

Expres FM

PBS News Hour - Full Show

PBS News

CD Voice

China Daily

Israel Today: Ongoing War Report

Noa Levi

Jeffrey Epstein: The Coverup Chronicles

Bobby Capucci